Solana Surges Above $169: Institutional Liquid Staking and $100M Funding Boost Drive Rally
Solana (SOL) is picking up speed again, trading above $169 with a rise of about 4% in the last 24 hours. The price rise comes as more
Quick overview
- Solana's price has risen about 4% in the last 24 hours, trading above $169, driven by increased institutional interest and funding.
- Technical analysis indicates a bullish trend with a target of $185, supported by a completed inverse head-and-shoulders pattern.
- The tokenized Real-World Assets market for Solana has grown by 217% this year, significantly outpacing the broader market.
- Institutional backing, including a $100 million funding round and BlackRock's investment, reinforces Solana's position as a strong competitor to Ethereum.
Solana SOL/USD is picking up speed again, trading above $169 with a rise of about 4% in the last 24 hours. The price rise comes as more institutional investors use Solana-based staking solutions and the network gets a lot of financing, making it a strong competitor to Ethereum in the tokenized Real-World Assets (RWA) field.
SOL/USD Technical Analysis Points to $185 Target
Bullish Pattern Completion Signals Upward Trajectory
From a technical point of view, Solana has finished an important inverse head-and-shoulders pattern with a clear break above $159 on Thursday. The bulls have been able to protect this level on retests, making it a strong support zone. This pattern usually means that the market has gone from bearish to bullish.
The 20-day exponential moving average (EMA) at $157 has started to go up, and the relative strength index (RSI) is getting close to the overbought zone. This means that the easiest way to go is up. If SOL can hold the $168 level, it could move up to the $185 level of resistance.
Short-term Momentum Remains Strong
On the 4-hour chart, bulls have successfully stopped bears from pushing the price below $159, which means that the level has become support. The surge over $169 has made buyers stronger, and the pair may be aiming for the $180-$185 resistance zone.
If bears can swiftly drop the price below $169, they still have a chance to take control. This might trap ambitious bulls and send the pair back down to $159. If the price drops below $155, the bears will be in charge of the trend.
Institutional Backing Drives Fundamental Strength
$100 Million Financing Solidifies Market Position
Solana has received a big $100 million infusion in funding, which shows that it might compete with established heavyweights like Ethereum. This investment shows that people are becoming more confident in Solana’s second-generation blockchain technology, which uses parallel transaction processing to improve throughput and scalability.
The funding fits with techniques for adding value to a company, and companies like Upexi are boosting their SOL token holdings through financing that adds value. This institutional support shows that the investment has the potential to grow over time and that the money is being used wisely.
Liquid Staking Solutions Attract Professional Investors
Liquid Collective, along with key exchanges like Coinbase, Kraken, Galaxy, Anchorage Digital, and Fireblocks, has released Liquid Staked SOL (LsSOL) to meet the growing desire from institutions. This news comes as the market waits for possible US regulatory clearance for SOL-based exchange-traded funds (ETFs).
The increased interest in liquid staking solutions among professional investors could push SOL’s price up even more, especially if more institutions start using it.
Real-World Assets Market Explosion
217% Year-to-Date Growth Outpaces Broader Market
Solana’s tokenized RWA market has grown by 217% this year, bringing the total to $558 million. This growth rate is more than double that of the market as a whole, giving Solana a 4.2% market share and putting it in third place behind ZKsync Era and Ethereum.
Key protocols like Ondo Finance and ONe’s institutional fund have together added about $276 million to Solana’s non-stablecoin RWA value. The network’s high throughput and low transaction costs have drawn both institutional-grade protocols and a rising number of individual investors.
BlackRock Integration Signals Institutional Validation
BlackRock’s choice to add its BUIDL fund to Solana, which brought in more than $25.2 million, is a big vote of confidence in Solana’s skills. This move shows that big companies are taking a strategic multi-chain approach, leveraging high-performance chains like Solana as efficient distribution points.
Solana Network Fundamentals Remain Robust
Transaction activity stays steady at more than 100 million per day (not counting validator votes), and staking participation stays high at 66.43% with a net yield of 7.17%. Network revenue keeps going up after a dip in May, and app-level earnings stay strong because to steady fees from DEXs, token vending platforms, and staking derivatives.
Pump.fun is still the best performer, with about 30 million trades and over $1.7 billion in DEX volume, mostly in meme tokens. The platform’s recent $720 million private financing and promise to buy back 25% of its shares at its discretion make the ecosystem even stronger.
Solana Price Prediction and Outlook
Based on current technical and fundamental analysis, it looks like SOL will keep going higher. The SOL/USDT pair could rise to the overhead resistance at $185 if buyers keep the price over $168. If the pair breaks over this level, it could shoot up to $210.
If the price goes down and breaks below the moving averages, though, this positive outlook would be wrong. The price might drop to $144 and then to $137.
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